forexlens

forexlens

A nice setup we discussed on our daily live session, we need a closure below 1501 to confirm our short bias. If we do get that, we will get our classic break-retest-rejection which has lead our team to enter some amazing trades. Let us wait for price action to play out before we short to 100, and 250 pips down.

forexlens

A nice amount of technicals suggesting the pair can go as low as 0.87400. To take advantage, let us wait for a CLOSURE (not sell stop) below 0.90000 to confirm our short bias.

forexlens

We need a closure above this level, possible retest and a clear rejection to have a very nice long trade to cap off the week.

forexlens

Another #GBP setting up for a short. Here we have GBPNZD setting for a nice short within a descending channel, coming off a nice resistance zone at the 1.63000 psych level.

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Awaiting the hour closure before entering.

forexlens

A short analyzed on our daily live session.

forexlens

A nice rejection off the monthly descending trend-line, among a close back within our resistance zone. Let's take advantage of the recent GBP strength. The entry to short is after a closure below. 0.90730.

forexlens

An ideal entry is a break and close above 1.64250. We can see that price has created support at previous resistance 1.63200. We have also broke outside of a key daily descending trend-line. We have a pretty tight stop loss. Even if we don't get a move all the way to 1.66900, we can gain profits from moves to 1.64857, 1.65600, etc.

forexlens Updated 

A decent setup, entry will be next week.

forexlens

Let's do it.

forexlens

Bring of a primary and secondary CTL, plus rejection of monthly descending trend line.

forexlens

Check out our original trade idea posted on August 8th. Many of these new comers to Crypto love to over complicate the analysis with all kinds of futuristic techniques and indicators. You don't need all that. Keep the trading simple. BTC is already in deep profits, 9033 next?

forexlens

A bounce off our weekly descending trend-line + rejection off resistance at 12,400 + recent break of counter trend-line = Short BTCUSD

forexlens Updated 

Earlier last week I spoke on our live session about EURNZD retracing for it's 3rd touch on the counter trend-line. Well, that retrace is complete. If we get a bearish rejection, and close outside the current hourly uptrend, we will have a great short for the week.

forexlens

As explained in the charts, let us watch price action before entering a trade prematurely.

forexlens

Great R:R, entry is now.

forexlens

Waiting for price action play out before entering.

forexlens

Amazing R:R, very little to lose and a lot to gain. ECB is expected to implement quantitative easing, and the economy is in reach of a real recession. Overall Bias: Bearish